Edge analytics Market Estimated to Perceive Highest Value with a Growing CAGR

Market Research Future published a Half Cooked research report on “Edge analytics Market Research Report - Forecast to 2023”– Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023

Cisco Corporation (U.S.), Oracle Corporation (U.S.), SAP SE (Germany), SAS Institute (U.S.), Apigee Corporation (U.S.), AGT International Inc. (Switzerland), Foghorn Systems (U.S.), CGI Group Inc. (Canada), Analytic Edge (India), Prism Tech (U.K.) among others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Edge analytics Market.

Edge analytics Market- Overview:

In this post-cloud era, with increasing IoT applications, it is being estimated that more than 50 billion things would be connected to internet by 2020. Some IoT application would require short response time, some might involve private data, or some applications might produce large amount of data which in return would increase the load on the network. Cloud computing would not be very efficient to support such load of applications. The success of various cloud services such as SaaS, PaaS, and IaaS and the proliferation of IoT have pushed the new computing paradigm towards edge analytics. Edge analytics collects and analyse data with support of sensors, and network switch and helps companies in setting parameters for operations and decision making process.

The major growth driver of Edge analytics Market includes proliferation of data traffic through connected devices, high adoption of cloud based services. However, high price of equipment, complex features and requirement of sophisticated maintenance are some of the major factor hindering the growth of Edge analytics Market

Industry News:

May 2017 – X-IO technologies, a leading innovator in advanced data storage systems introduced edge computing platform named “Axellio” to deliver real-time performance for complex analytics on high volume and streaming data. The Axellio is a high density and converged server or storage systems that provides unequalled and sustained throughput to address the growing edge requirements.

February 2017 – Dell Inc., a leading IoT infrastructure solution provider, introduced “Dell Edge Gateway Series” offering real-time intelligence and connectivity from harsh environments. With this gateway, customers can securely transfer and analyse important data at the edge of the network.

Edge analytics Global Market- Competitive Analysis:

Edge analytics market appears to be competitive in the coming years owning to the presence of numerous large players active in regional market. Cisco Corporation, Oracle Corporation, SAP SE, SAS Institute, Apigee Corporation, AGT International Inc., Foghorn System, and CGI Group Inc.  are some of the companies leading the Edge analytics market globally. The key strategies traced from the analysis of recent developments of the key players include Product Launch, Agreement & Partnership, Acquisition and expansion. Strategic partnerships between Key players support the growth and expansion plans of the key players during the forecast period. On the product and sales side, companies are investing in innovation/R&D, brand building, and fostering strong relationships with customers to support their competitive position.

Edge analytics Global Market- Segmentation:

The Edge analytics Market can be classified into 5 key segments as follows:

Segmentation by Component: Solution and Services

Segmentation by Type: Descriptive analytics, predictive analytics, prescriptive analytics, and diagnostic analytics.

Segmentation by Deployment: Cloud and on-premise.

Segmentation by Business Application: Marketing, Sales, Operations, Finance and Human Resource

Segmentation by Verticals: BFSI, Manufacturing, Healthcare, Retail, IT & Telecommunication, Media & Entertainment, Travel & Hospitality, and Government.

Segmentation by Regions: Comprises Geographical regions - North America, Europe, Asia Pacific and Rest of the World.

Edge analytics Global Market-

Regional Analysis:

The Global Edge analytics market is estimated to grow at a promising rate in upcoming years. North America followed by Europe has led the market in 2017 due to technological advancement in data center and network architecture in the region. Asia Pacific is projected to be the fastest growing region due to rising cloud computing and big data analytics architecture market in the region. China is leading the edge analytics market in Asia Pacific region due to increasing integration of digitization and industrialization in the country. Increasing IOT market is also fuelling the market growth in the region.